Eldorado Gold (TSE:ELD) Rating Increased to Outperform Market Weight at National Bank Financial
Eldorado Gold (TSE:ELD) (NYSE:EGO) was upgraded by research analysts at National Bank Financial from a “sector perform overweight” rating to an “outperform market weight” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.
A number of other research firms have also recently weighed in on ELD. CIBC upgraded Eldorado Gold from an “underperform” rating to a “neutral” rating and increased their price target for the stock from C$3.00 to C$7.00 in a report on Thursday, July 11th. Eight Capital increased their price target on Eldorado Gold from C$6.25 to C$10.00 in a report on Thursday, August 8th. BMO Capital Markets increased their price target on Eldorado Gold from C$12.50 to C$16.00 in a report on Wednesday. Canaccord Genuity increased their price target on Eldorado Gold from C$7.00 to C$9.00 in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. increased their price target on Eldorado Gold from C$10.00 to C$13.00 in a report on Wednesday, August 14th.
Shares of TSE ELD traded down C$0.20 during mid-day trading on Wednesday, reaching C$11.23. 1,078,589 shares of the company’s stock were exchanged, compared to its average volume of 1,197,610. The firm has a market capitalization of $1.82 billion and a price-to-earnings ratio of -4.93. The company has a debt-to-equity ratio of 15.24, a quick ratio of 1.29 and a current ratio of 2.20. Eldorado Gold has a 52-week low of C$3.36 and a 52-week high of C$13.34. The company’s 50-day moving average is C$11.44 and its 200-day moving average is C$7.54.
About Eldorado Gold
Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, and mining of gold properties in Turkey, Greece, Brazil, Serbia, Canada, and Romania. The company holds 100% interests in the Kisladag and Efemcukuru gold mines in Turkey; Lamaque gold project in Canada; Perama Hill gold-silver project and Sapes in Greece; and Vila Nova iron ore mine and 100% interest in Tocantinzinho gold project in Brazil.
See Also: What is the NASDAQ Stock Market?
Receive News & Ratings for Eldorado Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eldorado Gold and related companies with MarketBeat.com's FREE daily email newsletter.